Reported 16 days ago
In escalating trade tensions, President Trump labeled China 'economically hostile' for its lack of soybean purchases and threatened an embargo on cooking oil imports. He argues that China's refusal to buy U.S. soybeans harms American farmers and hinted at a potential halt in business with China regarding cooking oil, which is a byproduct of soybeans. As the U.S. shifts from being a net exporter to a net importer of used cooking oil, these trade disputes are exacerbated by China's recent export controls on rare earth elements.
Source: YAHOO